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Bitmain Accused of Illegally Hiring Engineering Talent in Taiwan
Prosecutors claim more than 100 engineers were poached by the bitcoin mining company.
Beijing-based bitcoin mining giant Bitmain is under investigation by Taiwanese authorities for allegedly hiring more than 100 engineers illegally.
STORY CONTINUES BELOW
- Bitmain allegedly lured a senior engineer from Taiwan and asked him to persuade his former colleagues to follow, while setting up two companies in Taiwan as foreign investments to attract additional engineering talent.
- According to a report by Nikkei Asia, engineers were hired at salaries more than twice than those at their previous roles.
- Businesses in mainland China are not allowed to invest in semiconductor companies or branches of those companies in Taiwan, according to the Ministry of Economic Affairs.
- Bitmain did not respond to a request for comment by press time.
Zack Voell
Zack Voell is a financial writer with extensive experience in cryptocurrency research and technical writing. He has previously worked with leading cryptocurrency data and technology firms, including Messari and Blockstream. His work (and tweets) has appeared in The New York Times, Financial Times, The Independent and more. He owns bitcoin.
David Pan
David Pan was a news reporter at CoinDesk. He previously worked at Fund Intelligence, and interned at the Money Desk of USA Today and the Wall Street Journal. He does not hold investments in cryptocurrency.
